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Will Rogers bring in additional private investors for MLSE by December 31, 2024?
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BCE•MLSE•Rogers•Toronto Maple Leafs•Toronto Raptors•Toronto FC•Canadian•Bell•Edward Rogers•Blue Jays
Resolution / Starting Odds
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Official announcements from Rogers Communications Inc. or major financial news outlets
Story
Rogers Acquires BCE's 37.5% Stake in MLSE for $4.7 Billion, Now Holds 75% Ownership
Sep 18, 2024, 01:16 PM
Rogers Communications Inc. has reached an agreement to acquire BCE's 37.5% stake in Maple Leaf Sports & Entertainment (MLSE) for $4.7 billion CAD (approximately $3.5 billion USD). This acquisition increases Rogers' ownership to 75% of MLSE, the parent company of the Toronto Maple Leafs, Toronto Raptors, and Toronto FC. The deal significantly bolsters Rogers' presence in the Canadian sports industry, making it a dominant player. The transaction values MLSE at approximately $9.33 billion. Bell retains the opportunity to maintain existing broadcast rights for certain games, and Rogers plans to bring in additional private investors. Edward Rogers will have full control of the city's major sports teams, including the Blue Jays.
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Similar markets
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OMERS • 25%
Other • 25%
Brookfield Asset Management • 25%
Fairfax Financial Holdings • 25%
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Rogers increases its stake • 25%
Rogers decreases its stake • 25%
Bell re-enters ownership • 25%
No change in ownership • 25%
Bell • 25%
A new investor • 25%
Rogers (full ownership) • 25%
Other existing shareholders • 25%